Rystad Energy US oil production of at least 300,000 oil barrels per day (bpd) will be shut during May and June, according to a Rystad Energy analysis of early communication from US oil producers. It is unclear how much of this is due to the Covid-19 pandemic and the related drop in demand, but one thing is certain: more production
CNBC U.S. energy companies are taking an axe to their rig numbers, deepening production cuts for the industry that in the last few years made America the world’s number one oil producer. Six major U.S. shale producers are expected to shut some 300,000 barrels per day (bpd) of crude for the months of May and June, according to an
DENVER, April 2, 2020 /PRNewswire/ — Cimarex Energy Co. (NYSE: XEC) (“Cimarex” or the “Company”) announced today that, due to the current situation regarding the public health impact of the COVID-19 pandemic and limitations within the State of Oklahoma on all non-essential gatherings of individuals, the Company has changed the format of its annual meeting of shareholders from a physical in-person meeting to a virtual webcast,
Cimarex announces closing of the acquisition of Resolute Energy
Target for transaction closing date is Mar. 1, 2019 Resolute Energy Corporation (NYSE: REN) stockholders have voted to approve the adoption of the merger agreement between Resolute and Cimarex Energy Co., Resolute said in a statement. Resolute reported that 15,950,431 shares voted in favor of the proposal to adopt the merger agreement. This represents approximately 85% of the total shares
85% of drilling CapEx will go to the Delaware By Richard Rostad, analyst, Oil & Gas 360 Cimarex Energy (ticker: XEC) announced fourth quarter results and reserves today, showing $316.2 million in net income, or $3.32 per share. This result is nearly double the $174.7 million the company earned in Q4 2017, though when results are adjusted for special charges
Antero Resources Announces Appointment of Paul J. Korus to the Board of Directors
Deal expands Cimarex’s Reeves County position The oil and gas M&A frenzy continues, as Cimarex Energy (stock ticker: XEC) announced its acquisition of Resolute Energy (stock ticker: REN) today. Resolute Energy is a pure-play Delaware player, with 21,100 net acres in Reeves County. The company is currently producing 34.8 MBOEPD, 45% of which is oil. Much of this acreage is
Production up 8% quarterly, 17% year-over-year Cimarex Energy (ticker: XEC) announced third quarter results today, showing net income of $148.4 million, or $1.56 per share. Cimarex produced an average of 218.6 MBOEPD in Q3, 63.9 MBOPD of which was oil. This oil production level represents 17% pro forma growth year-over-year, or 8% quarterly growth. Cimarex brought net 46 wells online
Consolidation continues in the Permian, with Callon Petroleum (ticker: CPE) purchasing $570 million in assets Thursday. Callon intends to acquire 28,657 net acres in the Delaware, primarily in Ward and Loving Counties, from Cimarex Energy (ticker: XEC). This acreage is partially contiguous with Callon’s assets in the Delaware, and is all at least nearby. Over 90% of the new acreage
Cimarex running 13 rigs: 10 in the Permian, 3 Mid-Con Cimarex Energy Co. (ticker: XEC) reported first quarter 2018 net income of $186.3 million, or $1.96 per share. Total company production for the quarter came in at the high end of guidance, Cimarex said, averaging 206.1 MBOEPD, with oil production averaging 65,212 BPD. Cimarex invested $313 million in exploration and
Cimarex Energy Breakout Notes Thomas E. Jorden, president and CEO of Cimarex Energy, (ticker: XEC) presented today at EnerCom’s The Oil & Gas Conference® 22. Cimarex Energy’s core acreage exists in the Mid-Continent and in the Permian. The company is actively drilling and completing wells in both basins. The company announced net income of $97.3 million during Q2, 2017 and,
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
